Okay. Okay okay okay. There is doom and gloom on one hand and obvious smoke-blowing on the other. The truth is in the middle. Have things slowed? Yes. Will that continue? Yes. Have rates gone up? Yes. But this is how things go. This is also when and where good investments are made. This is when you build your portfolio.
I’ve been screaming for months: The market in the sunbelt has gone from white-hot to red-hot. It’s still hot. It’s just a hot that is less likely to collapse because we returned to fundamentals.
Lastly, if there is a concern about rates: we buy now. Get the asset under your belt, then… refinance in 24 months and you’ve built in equity in yet another hot market.